Watashiwah
Elio Addict
To your point, the last we heard of any financial activity was the Drexel Hamilton $100million investment, and that might have already been almost a year ago, the last we heard anything about the ATVM loan might have been three or four years, by now. There has always been ‘buzz’ that both these efforts were ‘in play,’ like the push to 65,000 reservations, and pictures of a Elio mock-up in, hard to get to, Manhattan (maybe near Drexel Hamilton’s offices!!!). Either both of these endeavors have ‘died on the vine,’ or they are simply inadequate to even start the Elio ball rolling. No auto shows, no marketing, nothing but ‘Momentum’ stagnation mired in ‘we can’t talk.’
The result of the compete lack of information, compounded by the history of not spending the earlier investments as planned (and the questionable decisions), illustrated by ‘just where did all the money go, and ESG Engineering got paid what??’ leads the public toward forensically trying to figure out what killed Elio Motors, avoiding similar ‘endeavors’ and now eulogizing them. This cannot be good for future venture capitalists and I maintain no VC would ever play a part in not keeping any potential project afloat by hamstringing them by strangling information.
The reality is that it is hard, if not impossible, to sell a 300 to 500 million dollar idea that is a few CAD drawings, a handful of incomplete or obsolete ‘prototypes,’ is non patented, easily reengineered, and steeped in debt and growing ill will.
Time is on Paul’s side to simply ‘coast along’ and hope (and make us hope) for an impossibly long lifeline and just hope that many of us old timers fade away as well.
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